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COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE OCTOBER 13, 2021

Wednesday, October 13, 2021 | 08:19am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 7.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 3.25 percent as published by the Federal Reserve on October 12, 2021.

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Commissioner Gonzales Announces 2021 Bank Holiday Schedule

Monday, September 13, 2021 | 12:33pm

Bank Holiday Schedule In response to anticipated questions, this will serve as confirmation that Tennessee state-chartered banks may be closed on the following dates, in addition to federally designated holidays, provided that adequate notice is given to customers prior to the closing: • Friday, November 26, 2021 (in addition to Thursday, November 25, 2021) • Friday, December 24, 2021 and Monday, December 27, 2021 (in addition to Saturday, December 25, 2021)

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